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  1. Market Data
December 7, 2021

Oasis Petroleum records 1.8% increase in production in August 2021

By Carmen

Oasis Petroleum recorded an increase of 1.8% in total oil and gas production to 90,481.98 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Oasis Petroleum declined 15.7% in August 2021 from 107,337.97 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production decreased by 17.65% from the same period in 2020.

The company’s oil production grew 2.01% to 53,563.16 bd in August 2021 from the previous month, while gas production up by 1.51% to 214.13 mmcf/d. On a YTD basis, oil production decreased by 22.45% in 2021 when compared with the same period in 2020, while gas production declined by 9.58%. Out of the total oil and gas production in August 2021, oil production held a 59.2% share, while gas production held a 40.8% share.


Looking at the states where Oasis Petroleum recorded the highest oil and gas production in August 2021, North Dakota figured at the top, accounting for an 18.2% share. The company produced 73,982.25 boe/d in the state in August 2021, an increase of 1.05% from the previous month.

On a YTD basis, the company produced 653,306.04 boe/d in North Dakota in 2021, recording a decrease of 28.67% from the same period in 2020.



Oasis Petroleum witnessed the highest oil and gas production in Mckenzie county in August 2021. Out of all the counties, Mckenzie county held a share of 51.77% for the firm. The company produced 46,838.16 boe/d in Mckenzie county in August 2021, an increase of 0.02% in production when compared with the previous month.

On a YTD basis, the county produced 425,246.14 boe/d for the company in 2021, a 22.06% decrease from the same period in 2020.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.

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